While millions of Americans must grapple in this difficult and topsy-turvy economy, some businesses continue to thrive. In fact, Portfolio Recovery Associates, Inc., a company that purchases, collects, and manages consumer debt, are reporting record-breaking profits. Portfolio Recovery Associates, like other debt collectors, makes money by purchasing consumer debts from creditors, banks and other financial…

Are you experiencing debt harassment? Collection agencies often prey on consumers. Why? Because it is in their best interest to scare consumers into paying. Creditors often use collection agencies to recover funds on delinquent accounts. The collection agencies are handsomely paid for their services, which often involve nagging collection calls and a barrage of written…